WORLD BANK GLOBAL DEVELOPING COUNTRIES FOOD PRODUCTION INVESTMENT
February 1st, 2006
BY KEITH NUTHALL
WORLD Bank lending to food production projects in developing countries rose by 40% to US$2.1 billion in July 2004 to June 2005, compared with the previous 12 months. The bank said US$247 million was spent on food research and development, US$94 million on agro-industry, US$95 million on boosting food markets and trade, and US$32 million on animal production. There was also significant US$1 billion investment in irrigation, especially in India. The bank said the spending reversed three years of reduction in World Bank food sector investments. A ...
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